Report: 9,500 New Hampshire homes at risk of storm surge

CoreLogic analysis puts total reconstruction value at $2.4 billion

A total of 9,516 New Hampshire homes are at risk of suffering damage from hurricane storm surge inundation, according to the recently released CoreLogic 2016 Storm Surge Report.

Nationally, the real estate data analytics firm said that more than 6.8 million homes on the Atlantic and Gulf coasts are at potential risk of damage from hurricane storm surge.

In New Hampshire, CoreLogic reported, 276 homes are at extreme risk of damage; 4,083 are at very high risk; 2,924 are at high risk; and 2,233 are at moderate risk.

In addition to the number of homes at risk, the analysis also provides the reconstruction cost value for the properties, which is the cost to completely rebuild in case of damage, including labor and materials by geographic location, assuming a worst-case scenario at 100 percent destruction.

In New Hampshire, the total reconstruction cost value was set at nearly $2.4 billion, CoreLogic said. Nationally, the total reconstruction cost value is estimated t more than $1.5 trillion.

CoreLogic said it used more advanced and granular data than in previous years, and the result is that the 2016 analysis shows an increase from 2015 in the overall number of homes at risk of storm surge as well as an increase in the reconstruction value of the homes.

Categories: Real Estate & Construction